25 Nov 2020 13:22
AMENDMENT(2(a), 2(b))
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | Morgan Stanley & Co. International plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | RSA Insurance Group plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | A consortium of Intact Financial Corporation and Tryg A/S |
(d) Date dealing undertaken: | 18 November 2020 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | NO |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
100p ordinary | SALES | 24,440,704 | 6.7680 GBP | 6.7060 GBP |
100p ordinary | PURCHASES | 30,752,636 | 6.7687 GBP | 6.7034 GBP |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
100p ordinary | CFD | LONG | 201,596 | 6.7123 GBP |
100p ordinary | CFD | LONG | 245,904 | 6.7153 GBP |
100p ordinary | CFD | LONG | 893,578 | 6.7156 GBP |
100p ordinary | CFD | LONG | 197,000 | 6.7160 GBP |
100p ordinary | CFD | LONG | 24,386 | 6.7170 GBP |
100p ordinary | CFD | LONG | 93,012 | 6.7170 GBP |
100p ordinary | CFD | LONG | 111,108 | 6.7173 GBP |
100p ordinary | CFD | LONG | 4,700 | 6.7173 GBP |
100p ordinary | CFD | LONG | 47,524 | 6.7198 GBP |
100p ordinary | CFD | LONG | 7,000 | 6.7200 GBP |
100p ordinary | CFD | LONG | 405,257 | 6.7200 GBP |
100p ordinary | CFD | LONG | 12,000 | 6.7200 GBP |
100p ordinary | CFD | LONG | 980 | 6.7210 GBP |
100p ordinary | CFD | LONG | 3,697 | 6.7220 GBP |
100p ordinary | CFD | LONG | 733 | 6.7220 GBP |
100p ordinary | CFD | LONG | 80,745 | 6.7224 GBP |
100p ordinary | CFD | LONG | 100,000 | 6.7233 GBP |
100p ordinary | CFD | LONG | 485,458 | 6.7239 GBP |
100p ordinary | CFD | LONG | 431,966 | 6.7239 GBP |
100p ordinary | CFD | LONG | 3,704 | 6.7242 GBP |
100p ordinary | CFD | LONG | 10,000 | 6.7260 GBP |
100p ordinary | CFD | LONG | 58,394 | 6.7268 GBP |
100p ordinary | CFD | LONG | 1,773 | 6.7269 GBP |
100p ordinary | CFD | LONG | 99,776 | 6.7306 GBP |
100p ordinary | CFD | LONG | 4,503 | 6.7308 GBP |
100p ordinary | CFD | LONG | 500,000 | 6.7339 GBP |
100p ordinary | CFD | LONG | 94,251 | 6.7339 GBP |
100p ordinary | CFD | LONG | 56,556 | 6.7346 GBP |
100p ordinary | CFD | LONG | 149,444 | 6.7346 GBP |
100p ordinary | CFD | LONG | 81,619 | 6.7372 GBP |
100p ordinary | CFD | LONG | 76,381 | 6.7373 GBP |
100p ordinary | CFD | LONG | 14,377 | 6.7401 GBP |
100p ordinary | CFD | LONG | 13,813 | 6.7424 GBP |
100p ordinary | CFD | LONG | 1,592 | 6.7427 GBP |
100p ordinary | CFD | LONG | 500,000 | 6.7503 GBP |
100p ordinary | CFD | LONG | 6,722 | 6.7526 GBP |
100p ordinary | CFD | LONG | 163,051 | 6.7528 GBP |
100p ordinary | CFD | LONG | 11,342 | 6.7530 GBP |
100p ordinary | CFD | LONG | 9,000 | 6.7546 GBP |
100p ordinary | CFD | LONG | 2,400 | 6.7553 GBP |
100p ordinary | CFD | LONG | 111 | 6.7680 GBP |
100p ordinary | CFD | SHORT | 200,000 | 6.7034 GBP |
100p ordinary | CFD | SHORT | 47,404 | 6.7080 GBP |
100p ordinary | CFD | SHORT | 24,250 | 6.7180 GBP |
100p ordinary | CFD | SHORT | 9,074 | 6.7180 GBP |
100p ordinary | CFD | SHORT | 39,874 | 6.7192 GBP |
100p ordinary | CFD | SHORT | 3,454 | 6.7197 GBP |
100p ordinary | CFD | SHORT | 301,092 | 6.7200 GBP |
100p ordinary | CFD | SHORT | 45,075 | 6.7206 GBP |
100p ordinary | CFD | SHORT | 522,280 | 6.7206 GBP |
100p ordinary | CFD | SHORT | 1,147 | 6.7213 GBP |
100p ordinary | CFD | SHORT | 158 | 6.7213 GBP |
100p ordinary | CFD | SHORT | 602 | 6.7213 GBP |
100p ordinary | CFD | SHORT | 2,964 | 6.7213 GBP |
100p ordinary | CFD | SHORT | 452 | 6.7213 GBP |
100p ordinary | CFD | SHORT | 10,000 | 6.7220 GBP |
100p ordinary | CFD | SHORT | 16,676 | 6.7221 GBP |
100p ordinary | CFD | SHORT | 51,000 | 6.7222 GBP |
100p ordinary | CFD | SHORT | 9,000 | 6.7222 GBP |
100p ordinary | CFD | SHORT | 1,028 | 6.7245 GBP |
100p ordinary | CFD | SHORT | 5,713 | 6.7257 GBP |
100p ordinary | CFD | SHORT | 75,008 | 6.7264 GBP |
100p ordinary | CFD | SHORT | 23,860 | 6.7265 GBP |
100p ordinary | CFD | SHORT | 68,750 | 6.7274 GBP |
100p ordinary | CFD | SHORT | 14,250 | 6.7274 GBP |
100p ordinary | CFD | SHORT | 8,026 | 6.7287 GBP |
100p ordinary | CFD | SHORT | 24,155 | 6.7291 GBP |
100p ordinary | CFD | SHORT | 35,851 | 6.7291 GBP |
100p ordinary | CFD | SHORT | 9,312 | 6.7291 GBP |
100p ordinary | CFD | SHORT | 5,199 | 6.7291 GBP |
100p ordinary | CFD | SHORT | 53,723 | 6.7301 GBP |
100p ordinary | CFD | SHORT | 4,800 | 6.7330 GBP |
100p ordinary | CFD | SHORT | 145,000 | 6.7330 GBP |
100p ordinary | CFD | SHORT | 53,852 | 6.7330 GBP |
100p ordinary | CFD | SHORT | 125,665 | 6.7331 GBP |
100p ordinary | CFD | SHORT | 129,676 | 6.7344 GBP |
100p ordinary | CFD | SHORT | 49,992 | 6.7344 GBP |
100p ordinary | CFD | SHORT | 27,914 | 6.7344 GBP |
100p ordinary | CFD | SHORT | 192,465 | 6.7344 GBP |
100p ordinary | CFD | SHORT | 197,857 | 6.7348 GBP |
100p ordinary | CFD | SHORT | 919,151 | 6.7348 GBP |
100p ordinary | CFD | SHORT | 354,344 | 6.7348 GBP |
100p ordinary | CFD | SHORT | 1,364,204 | 6.7348 GBP |
100p ordinary | CFD | SHORT | 33,592 | 6.7350 GBP |
100p ordinary | CFD | SHORT | 55,828 | 6.7354 GBP |
100p ordinary | CFD | SHORT | 384,931 | 6.7354 GBP |
100p ordinary | CFD | SHORT | 99,984 | 6.7354 GBP |
100p ordinary | CFD | SHORT | 259,352 | 6.7354 GBP |
100p ordinary | CFD | SHORT | 1,600 | 6.7366 GBP |
100p ordinary | CFD | SHORT | 1,556 | 6.7391 GBP |
100p ordinary | CFD | SHORT | 5,931 | 6.7391 GBP |
100p ordinary | CFD | SHORT | 11,286 | 6.7391 GBP |
100p ordinary | CFD | SHORT | 29,177 | 6.7391 GBP |
100p ordinary | CFD | SHORT | 4,449 | 6.7391 GBP |
100p ordinary | CFD | SHORT | 900 | 6.7401 GBP |
100p ordinary | CFD | SHORT | 43,235 | 6.7401 GBP |
100p ordinary | CFD | SHORT | 5,500 | 6.7401 GBP |
100p ordinary | CFD | SHORT | 400 | 6.7401 GBP |
100p ordinary | CFD | SHORT | 2,800 | 6.7401 GBP |
100p ordinary | CFD | SHORT | 104,097 | 6.7413 GBP |
100p ordinary | CFD | SHORT | 15,097 | 6.7413 GBP |
100p ordinary | CFD | SHORT | 27,039 | 6.7413 GBP |
100p ordinary | CFD | SHORT | 70,137 | 6.7413 GBP |
100p ordinary | CFD | SHORT | 176 | 6.7421 GBP |
100p ordinary | CFD | SHORT | 44,126 | 6.7447 GBP |
100p ordinary | CFD | SHORT | 3,808 | 6.7447 GBP |
100p ordinary | CFD | SHORT | 733 | 6.7449 GBP |
100p ordinary | CFD | SHORT | 10,200 | 6.7451 GBP |
100p ordinary | CFD | SHORT | 515,459 | 6.7451 GBP |
100p ordinary | CFD | SHORT | 4,600 | 6.7451 GBP |
100p ordinary | CFD | SHORT | 65,900 | 6.7451 GBP |
100p ordinary | CFD | SHORT | 33,100 | 6.7451 GBP |
100p ordinary | CFD | SHORT | 87,454 | 6.7454 GBP |
100p ordinary | CFD | SHORT | 156,622 | 6.7454 GBP |
100p ordinary | CFD | SHORT | 406,271 | 6.7454 GBP |
100p ordinary | CFD | SHORT | 602,987 | 6.7454 GBP |
100p ordinary | CFD | SHORT | 71,197 | 6.7514 GBP |
100p ordinary | CFD | SHORT | 95,180 | 6.7514 GBP |
100p ordinary | CFD | SHORT | 77,317 | 6.7514 GBP |
100p ordinary | CFD | SHORT | 5,425 | 6.7514 GBP |
100p ordinary | CFD | SHORT | 112,473 | 6.7514 GBP |
100p ordinary | CFD | SHORT | 27,908 | 6.7514 GBP |
100p ordinary | CFD | SHORT | 13,940 | 6.7514 GBP |
100p ordinary | CFD | SHORT | 92,962 | 6.7514 GBP |
100p ordinary | CFD | SHORT | 1,725 | 6.7514 GBP |
100p ordinary | CFD | SHORT | 1,873 | 6.7514 GBP |
100p ordinary | CFD | SHORT | 3,050 | 6.7528 GBP |
100p ordinary | CFD | SHORT | 29,701 | 6.7547 GBP |
100p ordinary | CFD | SHORT | 113,191 | 6.7547 GBP |
100p ordinary | CFD | SHORT | 215,392 | 6.7547 GBP |
100p ordinary | CFD | SHORT | 556,815 | 6.7547 GBP |
100p ordinary | CFD | SHORT | 84,901 | 6.7547 GBP |
100p ordinary | CFD | SHORT | 202,959 | 6.7615 GBP |
100p ordinary | CFD | SHORT | 27,986 | 6.7615 GBP |
100p ordinary | CFD | SHORT | 106,658 | 6.7615 GBP |
100p ordinary | CFD | SHORT | 524,675 | 6.7615 GBP |
100p ordinary | CFD | SHORT | 80,000 | 6.7615 GBP |
100p ordinary | CFD | SHORT | 1,206,058 | 6.7640 GBP |
100p ordinary | CFD | SHORT | 115,086 | 6.7670 GBP |
100p ordinary | CFD | SHORT | 3,697 | 6.7680 GBP |
100p ordinary | CFD | SHORT | 13,365 | 6.7680 GBP |
100p ordinary | CFD | SHORT | 5,417 | 6.7680 GBP |
100p ordinary | CFD | SHORT | 12,438 | 6.7680 GBP |
100p ordinary | CFD | SHORT | 8,200 | 6.7687 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
100p ordinary | CALL SHORT | EXERCISED AGAINST | 76,000 | 4.6000 GBP |
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
N/A | N/A | N/A | N/A |
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
| Date of disclosure: | 25 November 2020 |
| Contact name: | Craig Horsley |
| Telephone number: | +44 141 245-7736 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.